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NCLT admits IDBI Trusteeship's insolvency plea vs Mahagun over unpaid dues

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NCLT admits IDBI Trusteeship's insolvency plea vs Mahagun over unpaid dues

This story was originally published at 19:01 IST on August 7, 2025  Back
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The Delhi bench of the National Company Law Tribunal has admitted a petition by IDBI Trusteeship Services Ltd. to start insolvency proceedings against Mahagun (India) Pvt. Ltd. for an unpaid amount of INR 2.61 billion. The tribunal has appointed Manoj Kumar Babulal Agarwal as the interim resolution professional of Mahagun to carry out the functions as per the Insolvency and Bankruptcy Code, 2016.

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